FreeholdRCRDistrict 12 (Novena)

Balestier 288

Reviewed by Nathan TangUpdated 10 August 2026Data through May 2023 (URA)
Quick Summary

Balestier 288 is a freehold apartment in District 12 (Novena) that obtained TOP in 2004, with 11 units across 1 block. Across 23 transactions on record, units have recently transacted around S$750k (S$814 psf, ~1,216 sqft).

1

What are the key facts about Balestier 288?

Key Takeaway

Balestier 288 is a freehold apartment in District 12 (Novena) that obtained TOP in 2004, with 11 units across 1 block.

Tenure
Freehold
TOP / Completion
2004
Developer
CITY DEVELOPMENTS LTD
Total units
11
Blocks
1
District / Area
District 12 (Novena)
Market segment
RCR
Median PSF
S$814 psf
Last transacted
May 2023
Remaining lease
Freehold
2

What is the price and PSF at Balestier 288?

Key Takeaway

Units have recently transacted around S$750k (S$814 psf), at a gross rental yield of about 4.0% (URA caveat data).

Recent median price

S$750k

recent · 23 sales on record

Median PSF

S$814 psf

recent transactions

Median rent (monthly)

S$2,511

36 rentals on record

Gross rental yield

4.0%

indicative, gross

Source: URA caveat data, through May 2023.

3

What has recently sold at Balestier 288?

Key Takeaway

Balestier 288 has 23 recorded sales; the most recent transacted at S$1,450,000 in May 2023 (URA caveat data).

DatePriceSize (sqft)PSF
May 2023S$1,450,0001,216S$1,192 psf
Mar 2022S$1,300,0001,216S$1,069 psf
Jun 2021S$705,000624S$1,129 psf
Feb 2018S$1,170,0001,216S$962 psf
Apr 2012S$608,000624S$974 psf
Sept 2011S$990,0001,216S$814 psf
Sept 2010S$610,000624S$977 psf
Oct 2009S$750,0001,216S$617 psf
Sept 2007S$460,000624S$737 psf
Jun 2007S$755,9991,216S$622 psf
Nov 2006S$768,0001,873S$410 psf
Jul 2006S$386,000624S$618 psf

23 sales and 36 rentals on record since Dec 2003. Source: URA.

4

Are prices at Balestier 288 rising?

Key Takeaway

The median transacted PSF at Balestier 288 has risen 8% over the past 3 years (20042007), from S$577 psf to S$622 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2007S$622 psfS$460k2+51.7%
2006S$410 psfS$386k2-7.7%
2005S$444 psfS$385k2-23.1%
2004S$577 psfS$363k8

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

5

How many property agents are active around Balestier 288?

Key Takeaway

6,316 CEA-registered agents closed at least one recorded deal in District 12 — where Balestier 288 sits — in the last 12 months, across all property types.

Active agents · 12mo

6,316

District 12 · closed ≥1 deal

Deals on record

24,253

all-time · all property types

Source: CEA public transaction records, attributed to District 12across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

6

Where is Balestier 288 and what's nearby?

Key Takeaway

Balestier 288 is located in Novena, in the Central Region of Singapore.

Balestier 288 is a freehold apartment completed in 2004. It was developed by CITY DEVELOPMENTS LTD. The development has 11 residential units. It sits on a land area of 73 sqm and has a gross floor area of 220 sqm. The plot ratio is 3.0.

BALESTIER 288 is located at 288 Balestier Road, Singapore 329731. It is part of District 12, Balestier / Toa Payoh / Serangoon, Novena. The project falls within the Central Region and the RCR market segment.

The nearest rail connection is Novena MRT Exit A, approximately 960m away, around 15 minutes on foot. Nearby amenities include Square 2 for shopping, SEMPER FIDELIS FINE FOODS PRIVATE LIMITED for groceries, Blks 91/92 Whampoa Drive # for food options, and Pek Kio Park for greenery and recreation. Facilities in the development include Basement car park and 24 hours security.

7

Who built Balestier 288 and how big is the development?

Key Takeaway

Balestier 288 was developed by CITY DEVELOPMENTS LTD, with 11 units.

Developer
CITY DEVELOPMENTS LTD
Blocks
1
Land area
73 sqm (786 sqft)
Gross floor area
220 sqm (2,368 sqft)
Plot ratio
3.00
8

How far is Balestier 288 from MRT and schools?

Key Takeaway

4 schools are within 1 km, including 2 primary schools.

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Northlight SchoolSecondary schoolwithin 1 km541 m
  • Hong Wen SchoolPrimary schoolwithin 1 km · P1 priority552 m
  • Bendemeer Secondary SchoolSecondary schoolwithin 1 km925 m
  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority991 m
  • Farrer Park Primary SchoolPrimary school1.2 km
  • Bendemeer Primary SchoolPrimary school1.4 km
  • Chij Secondary (Toa Payoh)Secondary school1.5 km
  • Pei Chun Public SchoolPrimary school1.6 km

Shops, food & parks

Mall: Square 2 · 995 mSupermarket: Semper Fidelis Fine Foods Private Limited · 103 mHawker centre: Blks 91/92 Whampoa Drive # · 147 mPark: Pek Kio Park · 831 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

What facilities does Balestier 288 have?

Key Takeaway

Balestier 288 has 2 facilities, including Basement car park, 24 hours security.

Basement car park24 hours security
10

What does it cost to own a unit at Balestier 288?

Key Takeaway

Buying a unit at Balestier 288 (~S$750k) needs about S$5,490/mo in income and S$2,526/mo in repayments, after S$17,100 stamp duty and a S$188k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$750k) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$17,100

BSD, tiered

Downpayment (25%)

S$188k

cash + CPF

Monthly instalment

S$2,526/mo

30y @ 3.5%

Income required

S$5,490/mo

TDSR @ stress rate

Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →

Keep going in the PropKaki app

Thinking about Balestier 288? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Balestier 288's own transactions.

PropKaki
Is Balestier 288 a good buy, and what are units selling for?

Recent units at Balestier 288 sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
11

Frequently asked questions about Balestier 288

How much does a unit at Balestier 288 cost?

Units at Balestier 288 have recently transacted around S$750k (S$814 psf), from 23 sales on record (URA caveats). The exact price depends on size, floor and facing.

How much do I need to earn to buy at Balestier 288?

For a unit around S$750k as a first home, you'd need roughly S$5,490/mo in income (assessed at the stress-test rate), with repayments near S$2,526/mo after a S$188k (25%) downpayment and S$17,100 Buyer's Stamp Duty.

Is Balestier 288 a good investment?

Gross rental yield is about 4.0%; median PSF has risen about 8% since 2004. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.

Are prices at Balestier 288 going up?

The median transacted PSF at Balestier 288 has risen about 8% between 2004 and 2007, based on URA caveats. Year-by-year figures are in the price-trend table above.

Is Balestier 288 freehold or leasehold?

Balestier 288 is freehold — ownership does not expire.

When was Balestier 288 built and who developed it?

Balestier 288 obtained TOP in 2004, developed by CITY DEVELOPMENTS LTD, with 11 units across 1 block.

Which primary schools are within 1 km of Balestier 288?

Hong Wen School, St. Joseph's Institution Junior are within 1 km of Balestier 288 — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

Chat on WhatsApp